Hearthstone Inc., A California Corporation (Calabasas)

Name: Hearthstone Inc., A California Corporation
Address: 24151 Ventura Blvd., Calabasas, CA, 91302
Telephone: 818-385-0005

Hearthstone Inc., A California Corporation is a large advisory firm based in Calabasas. It manages $704.45 million of regulatory assets for 36 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of California.

Hearthstone Inc., A California Corporation provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hearthstone Inc., A California Corporation: assets under management

The assets under management (AUM) of Hearthstone Inc., A California Corporation is $704.45 million. $404 thousand of the total AUM is attributable to clients outside of the United States.

Hearthstone Inc., A California Corporation has custody of $22.84 million in cash and securities for 36 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hearthstone Inc., A California Corporation for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Hearthstone Inc., A California Corporation serves?

The firm provides services to individuals, insurance companies, investment companies, and state or municipal government entities. The largest group of clients of Hearthstone Inc., A California Corporation is investment companies with 20 clients and $568.37 million of assets under management. Among the 9 most similar advisory firms, Hearthstone Inc., A California Corporation has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $704.05 million for 35 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Hearthstone Inc., A California Corporation also advises several private funds. Namely, one hedge fund and seventeen real estate funds. The minimum investment commitment required of non-related persons is $50,000 for each fund.

Careers at Hearthstone Inc., A California Corporation

The company employs 17 people that are either part- or full-time employees. 59 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Allan Porath	Ceo/chief compliance officer	1 Dec 1994	75% - 100%	4381160

Based in Calabasas

The principal office where Hearthstone Inc., A California Corporation performs its advisory services is located at 24151 Ventura Blvd., Calabasas, CA 91302, which is also the mailing address of the firm. An additional office of the firm is in Mission Viejo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 818-385-0005 or by fax 818-385-0310. The normal business hours are 8 am - 6 pm on Monday - Friday. You can find more information about the New York firm at hearthstone.com.